FairFX 2018-01-21T02:41:39+00:00



FairFX is situated in London and provides foreign exchange and transfer services to private and business clients residing in UK & South Africa. They have been part of the industry since 2007 helping people exchange currencies via multiple platforms. They offer international transfers, currency cards and travel cash. You can book your order via their website or phone without any fee.

For international transfers the minimum transfer value per transaction is £100. The exchange rates widely vary on the transaction size, the bigger the value the better rates offered. FairFX is quite confident that they offer the best rates hence offers a price guarantee, promising to refund the price difference if one finds a better rate within 24 hours from any of their competitors.

FairFX takes care of travel worries by offering a MasterCard Currency Card that can be used in all the countries at any ATM or merchant where MasterCard is accepted. If you prefer carrying cash while traveling, you can book your currency online from over 20 currencies and get it delivered at your doorstep within 24 hours. There is no fees for orders above £750. Delivery charges ranging from £3 to £10.50 are levied on orders below £750. With an 8.8/10 rating on Trustpilot by 5,300+ reviewers, you surely can give their services a shot.

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Founded: 2007
Headquarters: London, UK
Offices: UK
Regulated by: FCA
Trading channels: website, mobile app, telephone

reviews on TRUSTPILOT


8.8/10 Great

FairFX Key Features

Pay-in Options bank transfer, debit card, credit card
Recipient’s Options bank account only
Min Transfer Amount £50
Max Transfer Amount £300,000 via bank transfer
Speed most transfers are completed in 1-4 days
Transfer Fees no fees on all transfers
Exchange Rate HiFX claims a bank-beating exchange rate
Currencies Available 142 currencies

FairFX Review

Transfer Fees

HiFX claims they charge no transfer fees on all transfers.

However, you still have to be aware some other fees which HiFX are not liable for when sending money to them.  HiFX encourages you to pay by bank transfer or debit card. But before you start to fund HiFX, you need to check with your sending bank and the receiving bank, as they may charge some fees. Credit card transactions will cost you an additional fee of 1.6% of total amount.

Exchange Rate

HiFX offers bank beating exchange rate which is very competitive. This rate varies by type of currency. Therefore, the markup from NZD to USD, for instance, is 1% more than mid-market rate. The average markup on exchange rate tends to be 1.5%.


HiFX advises you 1-4 working days for the money to be delivered to recipient’s account. The method you use to pay HiFX will affect the whole processing time. Funding via credit or debit card results your money to reach HiFX immediately. Bank transfer usually takes up to 3 days for them to receive your money.

User Experience

HiFX’s customer service is 24/7 either by phone or email. Customers can complete their transfers on website or over phone. However, lack of mobile app makes HiFX far behind most competitors.

It is also un-convenient for clients when it comes to comparing transfer costs. You’re allowed to check exchange rate only after you logged into their website. That means you have to sign up for a free account first before you can compare and transfer. From our experience, it only takes a couple of minutes to finish register. But you’ll need to upload the following documents to be approved,

1 x Proof of Identity: passport, national ID card, or driver license.

1 x Proof of Address: recent utility bill or bank statement.

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FairFX Pros and Cons

  • zero transfer fees on all transfers

  • 142 currencies and 170+ countries available

  • small limitation of £50 minimum transfer amount

  • 24/7 friendly UK based telephone support

  • website only, without mobile app

  • only registered clients are able to compare exchange rate

  • money account only for recipient, without cash pick-up

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